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| JGC to reorganize and develop Tokyo municipal hospital Yokohama-based engineering contractor JGC Corp. has been selected by the Tokyo Metropolitan Government for the refurbishing and management of the Mental Health Center. JGC and its partners, Tokyo Electric Power Co., Ltd., and Oze Ringyo Co., Ltd., will jointly establish a special purpose company that will both construct, and operate and maintain the medical facilities. The total program cost is estimated to be approximately 73.5 billion yen for construction and the operation and maintenance of the facilities for the 15-year period covered under the agreement. The Tokyo Metropolitan Government will reorganize the Tokyo Metropolitan Matsuzawa Hospital located in Setagaya ward into the Mental Health Center (897 beds, 69,000 square meters) as a part of metropolitan hospital reforms by utilizing the Private Finance Initiative method, under which the Build-Transfer-Operate (BTO) creation of new facilities and the Rehabilitate-Operate (RO) system for existing facilities will be carried out. The new company, to be established by JGC (90%), Tokyo Electric Power (9%) and Oze Ringyo (1%), will construct the facilities starting from 2009 and will also operate and maintain the facilities from 2012 through 2027. write your comments about the article :: © 2008 Construction News :: home page |